CIPS 2.0: Connecting the world
CIPS (Phase II) was fully launched on May 2, 2018 with four new key features: 1) Extended operating hours (24/5+4 hours) covering all time zones. 2) Deferred Net Settlement introduced as a supplement to RTGS. 3) DvP, PvP, CCP enabled to support fund settlements of financial markets. 4) FMIs have been absorbed as direct participants and overseas direct participants will be included. Up to October 2018, the amount of direct and indirect participants has reached 31 and 768, respectively. CIPS has been firmly supporting the opening up of China’s financial market and RMB internationalization. Come along to this session! Join with CIPS and our selected external panellists from PBC, ICBC, CCB and Citi to learn about CIPS’s latest developments and how it matters to your global payment business.